Anthony Guzzi Sells 7,000 Shares of EMCOR Group, Inc. (NYSE:EME) Stock

EMCOR Group, Inc. (NYSE:EME) CEO Anthony Guzzi sold 7,000 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.03, for a total value of $3,052,210.00. Following the completion of the transaction, the chief executive officer now owns 208,989 shares in the company, valued at $91,125,473.67. This trade represents a 3.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

EMCOR Group Stock Up 1.6 %

Shares of EME stock opened at $441.18 on Friday. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $545.30. The company has a market cap of $19.75 billion, a PE ratio of 22.41 and a beta of 1.18. The business’s 50 day moving average is $388.77 and its two-hundred day moving average is $442.26.

EMCOR Group (NYSE:EME) last announced its earnings results on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, topping the consensus estimate of $4.57 by $0.84. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the firm posted $4.17 EPS. The business’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, equities analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group declared that its Board of Directors has approved a share repurchase program on Wednesday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the construction company to repurchase up to 2.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Thursday, April 17th. EMCOR Group’s dividend payout ratio (DPR) is currently 4.42%.

Institutional Investors Weigh In On EMCOR Group

Several hedge funds have recently modified their holdings of the business. Invesco Ltd. raised its stake in EMCOR Group by 28.0% during the 4th quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company’s stock valued at $598,465,000 after purchasing an additional 288,765 shares during the last quarter. Select Equity Group L.P. grew its position in EMCOR Group by 1.6% during the fourth quarter. Select Equity Group L.P. now owns 1,064,003 shares of the construction company’s stock worth $482,951,000 after buying an additional 16,563 shares in the last quarter. Geode Capital Management LLC increased its stake in EMCOR Group by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 1,022,170 shares of the construction company’s stock valued at $463,320,000 after acquiring an additional 25,502 shares during the period. Norges Bank acquired a new position in EMCOR Group in the 4th quarter valued at approximately $299,855,000. Finally, Northern Trust Corp raised its holdings in EMCOR Group by 22.9% in the 4th quarter. Northern Trust Corp now owns 550,883 shares of the construction company’s stock valued at $250,046,000 after acquiring an additional 102,738 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EME has been the subject of several research reports. StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Stifel Nicolaus reduced their target price on shares of EMCOR Group from $514.00 to $503.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $494.50.

EMCOR Group Company Profile

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.